Monthly Archives: <span>February 2012</span>

Mass.-based PMC Insurance Appoints New England Territory Manager

PMC Insurance Group, a national workers’ compensation insurance wholesaler, appointed Kate Alben as New England territory manager. Alben will be responsible for the expansion and growth of the New England territory, working with agency partners to offer workers’ compensation products …

SEC, Ex-Bear Stearns Managers Settle

Two former Bear Stearns fund managers agreed to pay more than $1 million combined to resolve a U.S. Securities and Exchange Commission lawsuit over allegations they lied about the health of two mortgage-laden hedge funds they managed, lawyers said on …

Kulchin Ross Insurance Services Inc. Formed in Southern California

William Kulchin and Derek Ross have formed Kulchin Ross Insurance Services Inc., a new retail agency based in Tarzana, Calif. that provides all lines of insurance coverage across the U.S. The agency comes with the existing customer base that both …

February Offers Opportunities for Boat Insurers

For boat owners and prospective boat owners, summer doesn’t start in June. It starts much earlier than that. In many cases, it starts in February, when a flood of boat shows are held. As a result, brokers and agents often …

Herbal Sexual Enhancement Supplement Recalled

A Southern California firm is recalling an herbal female sexual enhancement supplement because it contains a drug not listed on the label. Irvine-based Regeneca said Saturday it will voluntarily pull RegenArouse after a Food and Drug Administration analysis confirmed the …

Lawsuit Seeks $8 Million in Murders by Oregon Sergeant

Relatives of two women killed by an off-duty Clackamas County, Ore., sheriff’s sergeant are seeking $8 million in a lawsuit that alleges the county, the sheriff and two top aides knew the man was dangerously unstable. The Oregonian reported that …

Parents Sue Park for $2.4 Million After Oregon Toddlers’ Deaths

A fire that killed two toddlers is the subject of a Umatilla County lawsuit that alleges negligence on the parts of the Seattle-based management company and the trailer park manager. The suit names the toddlers’ parents as beneficiaries of their …

Disaster Declaration for Vog Damage in Hawaii Renewed

Continuing vog has caused extensive damage to Big Island vegetable crops, like leafy greens, orchards, flowers and ranch grasses. In response, U.S. Department of Agriculture has renewed a disaster declaration for Hawaii Island due to agricultural damage caused by Kiluaea …

The Graham Company in Philadelphia Appoints Vice Chairman, COO

The Graham Company, one of the Mid-Atlantic region’s largest insurance and employee benefits brokers, appointed Michael Mitchell as vice chairman and Kenneth Ewell as president and chief operating officer. Both have served as executive vice presidents for the past three …

Obama Budget Seeks Higher Taxes on Big Business

President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil companies and other big firms. Resembling previous proposals from the …